Wednesday, April 15, 2009

YES, BUY HOMEBUILDERS (XHB)

From an inst. tech analyst:

Yesterday's down close qualifies today's breakout above the TDST line at $11.98 that has been resistance for several days. Moreover, the cloud's lookback line (in royal blue) has move up through its cloud. This should rally to test its 200-day mov avg just south of $14. Tight
stop is a daily close under $11.00.


Notablecalls: I'm a bit late with this one but FYI.

PS: A friend of mine asked me yesterday if the site was hacked. No, it's me putting up the charts. Some of these are interesting, aren't they? Not as actual calls but rather as a glimpse at what the tech guys are thinking.

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